Authors
David S Brookshire, Mark A Thayer, William D Schulze, Ralph C d'Arge
Publication date
1982/3/1
Journal
The American Economic Review
Volume
72
Issue
1
Pages
165-177
Publisher
American Economic Association
Description
Although the theory of public goods has progressed rapidly since Paul Samuelson's seminal article, the empirical measurement of the value of (demand for) public goods only recently has received increased attention. Perhaps the best known and most widely accepted empirical approach has been the use of hedonic prices wherein, for example, it is assumed that either wages or housing values reflect spatial variation in public good characteristics of different communities. This indirect approach, based on theoretical work of Charles Tiebout, Kelvin Lancaster, Sherwin Rosen, and others, has proven quite successful. Among public goods or bads which have been valued using the hedonic approach are climate (I. Hoch), air pollution (Robert Anderson and Thomas Crocker; D. Harrison and D. Rubinfeld), social infrastructure (R. Cummings et al.) and other community characteristics such as noise level (J. Nelson), and …
Total citations
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Scholar articles
DS Brookshire, MA Thayer, WD Schulze, RC d'Arge - The American Economic Review, 1982